Placer County California

DEFERRED COMPENSATION COMMITTEE

PURPOSE:

Creation of an appropriate mechanism for administration of money and other assets resulting from compensation

deferred under the Plan; administer the Plan for participating employees, retirees and beneficiaries, including

necessary research, request for proposals and follow up on possible providers. Contracting with a private person,

corporation, institution or other entity directly or through a state agency, for services necessary to the

administration of the Plan including, without limitation, consolidated billing, the keeping of records for each

participating employee in the Plan, the purchase, lease and safeguarding of assets, programs for communication

and education of employees, administration of the Plan. Obtain advice of qualified counsel when appropriate,

establish objectives and policies relating to investments, discharge its duties regarding each decision made in

administering the Plan, solely in the interests of the Plan. Make decisions using the following standard: under the

circumstances existing at the time of the decision, the decision a prudent person who is familiar with similar

investments while acting in a similar capacity in conducting an enterprise of similar character and purpose. Not

less than every 12 months, the committee shall consider the advisability of soliciting proposals from qualified

providers.

CONFLICT OF INTEREST:

Yes

COMPOSITION:

The Auditor-Controller or designee; Treasurer-Tax Collector or designee; County Executive Officer or designee;

One representative of the miscellaneous employees associations; One representative of the Deputy Sheriff's

Association; One representative of a Placer County retired employee. Election of a new or re-election of the Chair

shall occur as the first item of business at the first quarterly meeting of the committee in the calendar year,

elected by majority vote of current members. The Chair shall serve a two year term and be eligible for re-

election. When a vacancy on the Committee exists for the reitred employees member, nominations for a

replacement and alternate shall be submitted by the Committee to the BOS for appointment, serving a two year

term. The employee association representative shall be designated by the respective employee association.

Resignation must be received in writing by the Chair. All representative members may be removed with good

cause by a 3/4 vote of the remaining committee members.

MEETINGS:

Quarterly. The dates, time and place to be determined by the Chair. Special meetings may be called at any time

by the Chair or the CEO. Notice and Agenda posting shall comply with the Brown Act, CA Gov't Code Sec. 54950

et seq. A quorum of at least four Committee members must be present. If the Chair is absent, the CEO shall

Chair, if both are absent, the order shall be Treasurer-Tax Collector, Auditor Controller, Personnel Director shall

Chair in that order. The Chair shall designate a staff person to act as Secretary who shall be responsible for

keeping records of actions, taking of minutes, meeting announcements, posting agendas, distributing copies and

assuring appropriate records are maintained.

COMPENSATION:

Members shall receive no compensation for their services; however, any member traveling on official business for

the Committee shall be reimbursed for his actual and necessary traveling expense.

COUNTY CONTACT

CONTACT

Ann Craig, Personnel Service Manager

(530) 889-4060

145 Fulweiller Ave

Auburn, CA 95603-

CURRENT MEMBERS

SEAT # 1

SEAT # 2

SEAT # 3

Auditor-Controller

Treasurer/Tax Collector

Kathy Martinis

Jenine Windeshausen

Therese Leonard

REPRESENTS: Aud Controller

REPRESENTS: Treas/Tax Coll

REPRESENTS: CEO

TERM LENGTH: Bd Pleasure

APPOINTED BY: Office

APPOINTED BY: CEO

EXPIRES:

ALTERNATE: Jayne Goulding

SEAT # 4

SEAT # 5

SEAT # 6

Pers Dir

Nancy Nittler

Clark Gehlbach

David Brose

REPRESENTS: Personnel

REPRESENTS: PPEO

REPRESENTS: Dep Sheriff's Assoc

TERM LENGTH: Bd Pleasure

TERM LENGTH:

APPOINTED BY: Personel

APPOINTED BY: PPEO

APPOINTED BY: Dep Sheriff's Assoc

EXPIRES:

ALTERNATE: Ann Craig

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